Qorvo® Announces Fiscal 2022 Second Quarter Financial Results

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Qorvo (QRVO) Reported Q2 Beat, But Stock Plunges 7% on Worse Than Expected Q3 Guidance

November 3, 2021 6:05 PM EDT

Qorvo (NASDAQ: QRVO) shares were trading more than 7% lower after-hours following the companys reported Q2 beat, but worse-than-expected Q3 guidance.

The quarterly EPS came in at $3.42 (vs. Streets $3.25) and revenue was $1.26 billion (vs. Streets $1.25 billion).

The company provided a... More

Qorvo (QRVO) Tops Q2 EPS by 17c; Guides Q3 Lower

November 3, 2021 4:32 PM EDT

Qorvo (NASDAQ: QRVO) reported Q2 EPS of $3.42, $0.17 better than the analyst estimate of $3.25. Revenue for the quarter came in at $1.26 billion versus the consensus estimate of $1.25 billion.

GUIDANCE:

Qorvo sees Q3 2022 EPS of $2.75, versus the consensus of $3.26. Qorvo sees Q3 2022... More